The Board of Directors take pleasure in presenting their
06^th Annual Report on the business and operations of
the Company together with Audited Standalone and
Consolidated Financial Statements and Auditors' Report
thereon for the financial year ended March 31, 2025.

Financial and Operational Highlights

State of Company's Affairs

During the year under review, your Company's

consolidated Total revenue (including other income)
stood at Rs. 720.71 Lakhs as compared to Rs. 987.53
Lakhs for the previous year; Loss before Tax stood at
Rs. 332.59 Lakhs as compared to Loss of Rs. 210.99
Lakhs for the previous year.

During the year under review, your Company's

Standalone Total revenue (including other income)
stood at Rs. 149.51 Lakhs as compared to Rs. 147.83
Lakhs for the previous year; Loss incurred by the
company stood at Rs. 71.68 Lakhs as compared to Rs.
49.75 Lakhs for the previous year.

Financial Statements

These standalone and consolidated financial statements
of the Company have been prepared in accordance
with the Indian Accounting Standards (hereinafter
referred to as the 'Ind AS') as notified by Ministry of
Corporate Affairs ('MCA') under Section 133 of the

Companies Act, 2013 ('Act') read with the Companies
(Indian Accounting Standards) Rules, 2015, as amended
from time to time and presentation requirements,

relevant provisions of the Act and other accounting
principles generally accepted in India. The Company is
a "Core Investment Company" and is not required to
get registered under section 45IA of the Reserve Bank
of India Act, 1934. Accordingly, the Company has
presented the financial statements in the format
prescribed for NBFCs i.e., Division III of Schedule III to
the Companies Act, 2013 with necessary additional
disclosures wherever required.

Dividend and Transfer to Reserves

During the year under review, in view of losses the
Board of Directors has not recommended any dividend
on the equity shares as well as preference shares of the
Company. Accordingly, the Company has not
transferred any amount to general reserves. The
closing balance of the retained earnings of your
Company for FY 2024-25 after all appropriations and
adjustments was (875.24 Lakhs).

Public Deposits

During the year under review, the Company has neither
invited nor accepted/ renewed any deposits from the
public within the meaning of Section 73 and 74 of the
Companies Act, 2013 (the 'Act') read with the
Companies (Acceptance of Deposits) Rules, 2014.

Particulars of Loans, Guarantees or Investments

Particulars of loans, guarantees, securities and
investments have been disclosed in the notes to the
Standalone Financial Statements.

Related Party Transaction

The Company has robust processes and procedures for
identification and monitoring related party (ies) and
related party transactions.

All contracts, arrangements and transactions entered
into by the Company during the Financial Year under
review with related parties were on an arm's length
basis and in the ordinary course of business.

There were no materially significant related party
transactions made by the Company with Promoters,
Directors, Key Managerial Personnel or other
designated persons, which could have potential conflict
with the interest of the Company at large. The
Company's major related party transactions are
generally with its wholly owned subsidiary companies.

During the year, the Company has not entered into any
contract/ arrangement/transaction with related parties
which could be considered material in accordance with
the policy of Company on materiality of related party
transactions (transactions where the value exceeds 10%
of the annual consolidated turnover) or which is

required to be reported in Form AOC - 2 in terms of
section 134 (3)(h) read with Section 188 of the Act and
Rule 8(2) of the Companies (Accounts) Rules 2014.

All Related Party Transactions were placed before the
Audit Committee for approval. Omnibus approval of
the Audit Committee was reviewed for the transactions
which were of a repetitive nature. The transactions
entered into pursuant to the omnibus approval so
granted were reviewed and statements giving details of
all related party transactions were placed before the
Audit Committee on a quarterly basis. The policy on
Related Party Transactions as approved by the Board is
uploaded on the Company's website at the link:
https://ravinderheights.com/rvhl/docs/Policy-on-
Related-Party-T ransactions.pdf

Your directors draw the attention of the Members to
Note 28 to the standalone financial statement which
sets out related party disclosures pursuant to Ind-AS
and Schedule V of Listing Regulations.

Share Capital

The issued, subscribed and paid-up Share Capital of the
Company as on March 31, 2025, is Rs. 6,13,25,746
divided into 6,13,25,746 equity shares of Re. 1 each.

During the financial year 2024-25, the company has
converted 1,65,000 CCPS into 75,000 fully paid-up
equity shares of face value of Re.1/- each at an issue
price of Rs. 22/- per equity share (including premium of
Rs. 21/-) to Mrs. Sunanda Jain, Chairperson cum
Managing Director of the company.

Further, the Company has not issued any equity shares
with differential rights/sweat equity shares under Rule 4
and Rule 8 of Companies (Share Capital and
Debentures Rules, 2014). Also, the Company has not
offered shares under the employee stock option
scheme during the financial year.

Directors' Responsibility Statement

Pursuant to the requirements under Section 134 (5) of
the Act with respect to Directors' Responsibility
Statement, your directors confirm that for the year
ended March 31, 2025:

a) in the preparation of the annual accounts, the
applicable accounting standards have been followed
along with proper explanation relating to material
departures, if any;

b) they have selected such accounting policies and
applied them consistently and made judgments and
estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the
company as at March 31, 2025 and of the loss of the
company for the year ended on that date;

c) they have taken proper and sufficient care for the
maintenance of adequate accounting records in

accordance with the provisions of the Act for
safeguarding the assets of the company and for
preventing and detecting fraud and other
irregularities;

d) they have prepared the annual financial statement for
the Financial Year ended March 31, 2025 on a going
concern basis;

e) they have laid down proper internal financial controls
to be followed by the company and such internal
financial controls are adequate and are operating
effectively; and

f) they have devised proper systems to ensure
compliance with the provisions of all applicable laws
and that such systems are adequate and operating
effectively.

Annual Return

The Annual Return for FY 2024-25 as required
under Section 92(3) of the Act read with the
Companies (Management and Administration)
Rules, 2014, is available at the Company's
website and can be accessed at https://
ravinderheiqhts.com/rvhl/docs/Annual-Return-for-the-
Financial-Year-ended-March-31,-2025-(Form-
MGT-7).pdf

Directors and Key Managerial Personnel

a) Retirement by Rotation: In terms of the provisions
of Section 152(6) of the Companies Act, 2013, Mrs.
Sunanda Jain (DIN: 03592692 ), retires by rotation
at this Annual General Meeting, and being eligible,
offers herself for reappointment as a Chairperson
cum Managing Director. The resolution seeking
members' approval for her re-appointment form part
of the AGM Notice. The Board of Directors of your
Company has recommended her re-appointment.

b) Declaration by Independent Directors: The

Independent Directors in their respective
disclosures have confirmed that they are
independent of the Management and not aware of
any circumstances or situation, which exists or may
be reasonably anticipated that could impair or
impact their ability to discharge their duties. Based
on the disclosures received from Independent
Directors, the Board of Directors has confirmed that
they fulfill conditions specified in Section 149(6) of
the Act and Regulation 16(1)(b) and 25(8) of the
SEBI Listing Regulations.

Further, the Board is of the opinion that the
Independent Directors of the Company uphold the
highest standards of integrity and possess the
requisite expertise and experience required to fulfill
their duties as Independent Directors.

c) Registration on Independent Directors' Data

Bank: Pursuant to the requirements issued by
Ministry of Corporate Affairs ("MCA") vide its

notification dated October 22, 2019, the details of
all the independent directors of the Company are
registered in the databank of Indian Institute of
Corporate Affairs ("IICA"). Requisite disclosures
under Section 149(6) of the Act have also been
received from the independent directors in this
regard.

d) Confirmation by Directors regarding
Directorship(s)/Committee Position(s)

Based on the disclosures received, number of
Directorship(s), Committee Membership(s), and
Chairmanship of all the Directors are within
respective limits prescribed under the Act and SEBI
Listing Regulations. Further, none of the Executive
Directors of the Company served as an Independent
Director in any other listed company. Necessary
disclosures regarding Committee positions in other
public companies as on March 31, 2025, have been
made by the Directors and reported in the Corporate
Governance Report which forms part of the Annual
Report.

e) Change in Directors and Key Managerial
Personnel:

Except this, there is no other change in the directors and
Key Managerial Personnel ("KMP") of the Company till
the date of this report.

Nomination and Remuneration Policy

The Nomination and Remuneration Policy were devised
in accordance with Section 178 of the Act read with SEBI
Listing Regulations.

The Nomination and Remuneration Policy includes
matters related to Director's appointment and
remuneration including the criteria for determining
qualifications, positive attributes, independence of a

HEIGHT

director and other related matters. The Nomination and
Remuneration Policy of the Company is aimed at
inculcating a performance-driven culture. Through its
comprehensive compensation program, the Company
endeavors to attract, retain, develop and motivate a
high-performance workforce. The said policy is available
on the Company's website at

https://ravinderheights.com/rvhl/docs/Nomination-and-
Remuneration-Policy.pdf .

Annual Evaluation of the Board, its Committees and
Individual Directors

The Board of Directors of our Company has on the basis
of recommendation of Nomination and Remuneration
Committee has devised a policy for performance
evaluation of the Directors, Board and its Committees,
which include criteria for performance evaluation.
Pursuant to the provisions of the Act and Listing
Regulations, the Board has carried out an annual
performance evaluation of the Board collectively, the
Directors individually as well as the evaluation of the
working of the Committees of the Board. The Board
performance was evaluated based on inputs received
from all the Directors after considering the criteria such
as Board Composition and structure, effectiveness of
Board/Committee processes and information provided
to the Board, etc. Pursuant to the Listing Regulations,
performance evaluation of Independent Directors was
done by the entire Board, excluding the Independent
Director being evaluated.

The Independent Directors of the Board also reviewed
the performance of the Non-independent Directors and
the Board, pursuant to Schedule IV of the Act and
Regulation 25 of the SEBI Listing Regulations.

Board and its Committees

The Board of Directors met 6 (Six) times during FY 2024¬
25. Details of the composition of the Board, terms of
reference, meetings held and attendance thereat are
provided in the Corporate Governance Report forming
part of the Annual Report.

Nomination and Remuneration Committee

The Nomination and Remuneration Committee of Board
of Directors of the Company has been duly constituted
in accordance with the provisions of sub-section (1) of
Section 178 of the Companies Act, 2013 and Regulation
19 of Securities Exchange Board of India (Listing
Obligations and Disclosures Requirements) Regulations,
2015 consisting of 3 Directors, which are Independent
Directors.

The details of compositions, number of Meetings,
functions and the remuneration policy formulated by
this Committee are furnished in the Corporate

Governance Report, forming part of this Annual Report.
Audit Committee

The Audit Committee of Board of Directors of the
Company has been duly constituted in accordance with
Section 177 of the Companies Act, 2013 and Regulation
18 of Securities Exchange Board of India (Listing
Obligations and Disclosures Requirements) Regulations,
2015 consisting of 3 Directors, 2/3rd of which are
independent Directors.

The details of compositions and number of Meetings of
the Audit Committee are furnished in the Corporate
Governance Report, forming part of this Annual Report.

Stakeholder Relationship Committee

The Stakeholders Relationship Committee of the
Company is constituted in line with Regulation 20 of the
Listing Regulations read with Section 178 of the
Companies Act, 2013 consisting of 3 Directors, 1/3^rd of
which are independent Directors.

The Stakeholders' Relationship Committee was
constituted to redress the shareholders'
grievances/complaints relating to transfer &
transmission of shares, non-receipt of annual report,
dividend, share certificate etc. and to provide the
responses to the queries, if any, raised by the investors.

The details of compositions and number of Meetings of
the Stakeholder Relationship Committee are furnished in
the Corporate Governance Report, forming part of this
Annual Report.

Corporate Governance Report

The Company is committed to sound corporate
governance practices as well as compliance with all
applicable laws and regulations. The Board believes that
adopting the highest level of ethical principles would
ensure that RVHL continues to be the leading Company
in the real estate sector. The Corporate Governance
Report, as stipulated under Regulation 17 to 27 and
Clause (b) to (i) and (t) of Regulation 46(2) and
Paragraph C, D and E of Schedule V of the SEBI Listing
Regulations, forms part of the Annual Report.

A certificate from M/s. RAA & Associates, LLP Company
Secretaries in Practice, confirming compliance of
conditions of Corporate Governance as stipulated under
Para E of Schedule V of the Listing Regulations, is
annexed to the Corporate Governance Report.

Management Discussion and Analysis Report

The Management Discussion and Analysis Report, as
required under Regulation 34 read with Schedule V of

i) if employed throughout the financial year, was in
receipt of remuneration for that year which, in the
aggregate, more than or equals to one crore and two
lakh rupees;

ii) if employed for a part of the financial year, was in
receipt of remuneration for any part of that year, at a
rate which, in the aggregate, more than of equals to
eight lakh and fifty thousand rupees per month;

iii) if employed throughout the financial year or part
thereof, was in receipt of remuneration in that year
which, in the aggregate at a rate which, in aggregate,
is in excess of that drawn by the managing director
or whole-time director or manager and holds by
himself/herself or along with his spouse and
dependent children, more than or equals to two
percent of the equity shares of the company.

Accordingly, disclosures pertaining to remuneration
and other details as required under Section 197(12)
of the Act read with Rule 5(2) and 5(3) of the
Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 are not applicable
on the Company.

Disclosures pertaining to remuneration and other
details as required under Section 197(12) of the Act
read with Rule 5(1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules,
2014 ("Managerial Personnel Rules”) are provided in
Annexure - A hereto and the same forms part of this
Report.

Subsidiaries, Joint Ventures, Associate Companies
and Consolidated Financial Statements

As on March 31, 2025 the Company has One (1) Wholly
Owned Subsidiary Company i.e. Radhika Heights Limited
("RHL") and Five (5) Step-down Wholly Owned
Subsidiaries ("WOS") i.e. Nirmala Buildwell Private
Limited, Nirmala Organic Farms & Resorts Private
Limited, Cabana Construction Private Limited, Radicura
Infra Limited and Sunanda Infra Limited.

Pursuant to the provisions of Section 129(3) of the Act
and SEBI Listing Regulations, the Consolidated Financial
Statements of the Company were prepared in
accordance with the applicable Ind AS and form part of
the Annual Report. A statement containing the salient
features of the financial statements of the Subsidiaries,
Joint Ventures and Associates of the Company in Form
AOC-1, as required under the Companies (Accounts)
Rules, 2014, as amended, also form part of the Notes to
the financial statements.

In accordance with the provisions of Section 136 of the
Companies Act, 2013 and read with Regulation 46 of
SEBI Listing Regulations, Audited Financial Statements of
the Company, including Consolidated Financial
Statements, other documents required to be attached

thereto and Audited Financial Statements of each of the
Subsidiaries, are available on the website of the
Company and may be accessed at
https://ravinderheights.com/rvhl/investor-zone/.

RHL (along with its four WOS's) which are also engaged
in real estate business currently owns 105.62 approx.
acres of land at village Harsaru Sector 89A, Pataudi Road,
Gurugram, Haryana. Radhika Heights Limited ("WOS of
the Company”) along with its Wholly owned subsidiaries
i.e. Radicura Infra Limited, Cabana Construction Private
Limited, Nirmala Buildwell Private Limited, Sunanda Infra
Limited ("Step-down WOS of the Company”) entered
into a Collaboration Agreement with Bestech India
Private Limited ("Developer") for its land situated in
Sector 89A, Gurgaon for affordable plotted colony
project under Deen Dayal Jan Awas Yojna from DTCP
Haryana.

Further they had received the License(s) from Directorate
of Town and Country Planning, Haryana on 17.09.2021
for 12.3812 Acres of land and 08.10.2021 for 39.43125
Acres of Land situated in the village Harsaru, Sector 89A,
Pataudi Road, Gurugram, Haryana for setting up an
Affordable Plotted Colony under Deen Dayal Jan Awas
Yojna ("DDJAY") Scheme.

Thereafter, the project has obtained two licenses from
Directorate of Town and Country Planning, Haryana on
17.09.2021 for 12.3812 acres of Land and 08.10.2021 for
39.43125 acres of Land. In 2023, RERA certificates have
been received for the aforesaid projects and the
development work is in process.

Material unlisted Subsidiary (ies)

The Company has formulated a Policy for determining
material subsidiaries which may be accessed on the
Company's website at the link:

https://ravinderheights.com/rvhl/docs/Policy-for-
Determining-Material-Subsidiaries.pdf.

As on March 31, 2025 Radhika Heights Limited was the
material subsidiary of the Company pursuant to
Securities Exchange Board of India (Listing Obligations
and Disclosures Requirements) Regulations, 2015.

Auditors and Auditor's Reports

a) Statutory Auditors and their report: Pursuant to
the provisions of Section 139 and other applicable
provisions, if any, of the Companies Act, 2013 and the
Rules framed there under, M/s. Dewan P N Chopra &
Co., Chartered Accountants be and is hereby re¬
appointed as Statutory Auditor of the Company as same
has been recommended by the audit committee and
approved by board of directors of the company to hold
office from the conclusion of ensuing Annual General
Meeting until the conclusion of the 11^th Annual General

Meeting of the Company to be held in 2030 subject to
the shareholders' approval at the ensuing AGM.

The Auditors' Report does not contain any qualification,
reservation, adverse remark or disclaimer of opinion. The
Notes to the Financial Statements (including the
Consolidated Financial Statements) referred to in the
Auditors' Report are self-explanatory and do not call for
any further comments.

b) Secretarial Auditor and Secretarial Compliance
Report: Pursuant to the provisions of Section 204 of the
Companies Act, 2013 and the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014,
the Board of Directors, based on the recommendation of
the Audit Committee was appointed M/s RAA &
Associates LLP, Practicing Company Secretary as the
Secretarial Auditor of the Company for FY 2024-25. The
Secretarial Audit Report(s) issued by RAA & Associates
LLP, in accordance with the provisions of Section 204 of
the Act for FY ended March 31, 2025 is annexed in the
Annual Report as Annexure-B.

The Secretarial Audit and Secretarial Compliance
Report(s) does not contain any qualification, reservation,
adverse remark or disclaimer, if any, and the report is
self-explanatory. Further, as per the applicable provisions
of the SEBI Listing Regulations, the Secretarial
Compliance Report was filed with the stock exchanges,
within the stipulated timeframe.

Radhika Heights Limited, the material subsidiary of the
Company for FY 2024-25 has also undergone a
Secretarial Audit as per Section 204 of the Act and
Regulation 24A of the SEBI Listing Regulations. The said
report is self-explanatory and does not contain any
qualification, reservation, adverse remark or disclaimer.

Subsequent to the financial year, pursuant to the
provisions of Section 204 of the Act read with the
Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 and Regulation 24A
and other applicable provisions of the SEBI Listing
Regulations, the Company is required to appoint a
Secretarial Auditor for a term of five consecutive years.

Subsequent to the financial year, pursuant to the
provisions of Section 204 of the Act read with the
Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 and Regulation 24A
and other applicable provisions of the SEBI Listing
Regulations, the Board of Directors in its meeting held
on August 07, 2025 based on the recommendation of
the Audit Committee, approved the appointment of M/s.
RAA & Associates LLP, a peer Reviewed Company
Secretary firm, as Secretarial Auditors of the Company
for a term of 5 (five) consecutive years, commencing
from FY 2025-26 to FY 2029-30, subject to approval of
the members at the ensuing AGM.

n n i n i 3

Brief profile and other details form a part of the AGM
Notice.

M/s. RAA & Associates LLP, a peer Reviewed Company
Secretary firm have given their consent to act as
Secretarial Auditors of the Company and confirmed that
their aforesaid appointment, if made, would be within
the prescribed limits under the Act & Rules made
thereunder and SEBI Listing Regulations and that they
have no conflict of interest. They have also confirmed
that they are not disqualified to be appointed as
Secretarial Auditors in terms of the provisions of the Act
& Rules made thereunder and SEBI Listing Regulations

c) Cost Records and Cost Audit: The provisions of
Section 148 (1) of the Act are not applicable to the
Company for the financial year ended March 31, 2025
and the Company has therefore not maintained any cost
account and records in respect of the same.

Reporting of Fraud by Auditors

During the year under review, the Statutory Auditors and
Secretarial Auditor have not reported any instance of
fraud in respect of the Company, by its officers or
employees under Section 143(12) of the Act.

Significant and Material Order, if any, passed by the
regulator or courts or tribunals

No significant material orders have been passed during
the Financial Year 2024-25 by the regulators or courts or
tribunals affecting the going concern status and
Company's operations in the future.

Material changes and commitments if any, affecting
the financial position of the Company

Except as disclosed elsewhere in the report, no material
changes and commitments which could affect the
Company's financial position have occurred between the
end of the financial year 2024-25 and the date of this
Report.

Compliance with Secretarial Standards

The Company has complied with the provisions of
Secretarial Standard-1 (Secretarial Standard on meetings
of Board of Directors) and Secretarial Standard-2
(Secretarial Standard on General Meetings) issued by the
Institute of Company Secretaries of India.

Conservation of Energy, Technology Absorption &
Foreign Exchange earnings and outgo

The particulars as required to be disclosed in terms of
Section 134 (3) (m) of the Act, read with Rule 8(3) of the
Companies (Accounts) Rules, 2014 forming part of this
Report are as follows:

a) Conservation of Energy:

The Company is making all efforts to conserve
energy by monitoring energy costs and periodically
reviewing the consumption of energy. It also takes
appropriate steps to reduce consumption through
efficiency in usage and timely
maintenance/installation/up gradation of energy
saving devices.

b) Foreign Exchange Earnings and Outgo: There
were no foreign exchange earnings and outgoes
during the period under review.

c) Technology Absorption:

The Company uses the latest technology and
equipment in its business. Further the Company is
not engaged in any manufacturing activity.

Though the Company has not spent any amount
during the year towards research and developmental
activities, it has been active in harnessing and
tapping the latest and best technology in the
industry.

Whistle Blower Policy/Vigil Mechanism

The Company has established the necessary vigil
mechanism for Directors and employees in compliance
with Section 177(9) of the Act read with Regulation 22 of
SEBI Listing Regulations, to report their genuine
concerns or grievances regarding any unethical behavior
at the workplace. The Company's Whistle Blower Policy is
available on the website of the Company at
https://ravinderheights.com/rvhl/docs/Vigil-
Mechanism-Policy.pdf

Corporate Social Responsibility

As per Section 135 of Companies Act, 2013, companies
are required to undertake CSR activities if they meet
certain financial criteria i.e. net worth of Rs. 500 Crores or
more, or turnover of Rs. 1000 crores or more, or a net
profit (as defined under section 198 of the Companies
Act, 2013) of Rs. 5 Crores or more during the financial
year.

Our Company's financial metrics, including turnover and
net profit, fall below the prescribed threshold limits
specified by law. Given our financial standing, we are
exempt from the mandatory CSR provisions.

Policy for Prevention, Prohibition and Redressal of
Sexual Harassment of Women at Workplace

Your Company is committed to providing a safe, non¬
discriminatory and non-hostile work environment that is
free from any form of intimidation or harassment that is

sexual in nature. This is to maintain a workplace where all
the employees are considered equal and where the
dignity of each employee is respected and protected.

Your Company has constituted an Internal Complaints
Committee under the Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal) Act,
2013 and has a policy and framework for employees to
report sexual harassment cases at workplace. Your
Company's process ensures complete anonymity and
confidentiality of information. Adequate workshops and
awareness programs against sexual harassment are
conducted across the organization.

All employees, including those of subsidiaries
(permanent, contractual and trainees) are covered under
this policy. The policy is gender neutral.

The table below provides details of complaints
received/disposed during the financial year 2024¬
25:

Statement on compliance with Maternity Benefit Act,
1961

During the period under review, there are no female
employees currently on maternity leave or who have
availed of maternity benefits within the reporting period.

Insider Trading Code

The 'RVHL Code of Conduct to Regulate, Monitor and
Report trading by Designated Persons and their
Immediate Relatives' ('RVHL Code') is in compliance with
the Securities and Exchange Board of India (Prohibition
of Insider Trading) Regulations, 2015, as amended ('SEBI
PIT Regulations'). RVHL Code is available on the
Company's website at

https://ravinderheights.com/rvhl/docs/Code-of-Conduct-
for-Prevention-of-Insider-Trading.pdf

The Code of Practices and Procedures for Fair Disclosure
of Unpublished Price Sensitive Information including a
policy for determination of legitimate purposes is also in
line with the SEBI PIT Regulations.

Further, the Company has put in place an adequate and
effective system of internal controls including
maintenance of a Structured Digital Database to ensure
compliance with the requirements of the SEBI PIT
Regulations to prevent insider trading.